More than one hundred graduates of the Massachusetts Institute of Technology (MIT) received digital diplomas issued using blockchain of Bitcoin. This is reported by CoinDesk.
As representatives of the university explained, the Blockcerts Wallet application was used to issue "verified" and "counterfeit" digital versions of diplomas. The software project also involved Learning Machine, which last year, in conjunction with the Laboratory of Media Lab Massachusetts Institute of Technology was developing an open standard called Blockcerts.
From the beginning, one of our primary motivations has been to empower students to be the curators of their own credentials. This pilot makes it possible for them to have ownership of their records and be able to share them in a secure way, with whomever they choose.
Registrar and senior associate dean, MIT
According to representatives of the Learning Machine, MIT - one of the first universities in the world that issued education documents using the technology of the distributed registry.
People can own and use their official records, which is a fundamental shift.
Co-founder and CEO, Learning Machine
According to him, security provided by blockhain is much more important than other aspects, such as speed, costs or ease of use.
It should be noted, however, that the diploma itself is not kept in the blockchain - the system only provides a timestamp, which indicates that MIT has created a digital record for a particular certificate. At the same time, these data are enough to allow graduates of the university to confirm the diploma availability in the future.